Ghana’s Minority group in parliament has accused the government of engaging in an illegality by disbursing an IMF fund without the consent of the legislature.
The Minority in a press conference on Tuesday, led by their spokesperson on Finance Dr. Anthony Akoto Osei demanded that the action of the IMF should freeze.
The group argued that though Article 181 (3) of the constitution stipulates that “no loan shall be raised by the government on behalf of itself or any other public institution or authority otherwise than by or under the authority of an Act of Parliament,”.
The IMF has commenced disbursing funds to Ghana in tranches.
Ghana’s three year arrangement for over $900 million was approved by the IMF board on April, 3, 2015.
On September 1, 2015 the IMF board completed its review of Ghana’s economic performance under the programme.
The fund has subsequently, disbursed over $200 million under the current arrangement to Ghana.
They first released about $114 million and later, $116 million after assessing how Ghana was performing.
